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MunroeWhitepaper

MunroeWhitepaper

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Published by Bruce Seaman
Prepared by Gray Robinson, undated but judging from context prepared in 2008, covers the range of options for Munroe Hospital in approaching its financial stresses.
Prepared by Gray Robinson, undated but judging from context prepared in 2008, covers the range of options for Munroe Hospital in approaching its financial stresses.

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Published by: Bruce Seaman on Oct 18, 2011
Copyright:Attribution Non-commercial

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10/18/2011

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MARIONCOUNTYHOSPITALDISTRICT
and
MunroeRegionalMedicalCenter
A
WhitePaper
on
SupplementalPublic-FundingOptions
Prepared
by:
GRAYROBINSON
ATTORNI!YSAT
ixw
301E.PineSt.,Suite1400Orlando,FL32801407-843-8880
 
TABLEOFCONTENTSINTRODUCTION1EXECUTIVESUMMARY3Option1:LEVYTHEEXISTINGHOSPITALDISTRICTPROPERTYTAX6TheMarionCountyHospitalDistrict6TaxingAuthorityoftheHospitalDistrict..7ActionRequired7PotentialRevenue7TimingofTaxRevenues8PotentialConstraints8OptionI-A:THEHOSPITALDISTRICTBECOMESAN"INDEPENDENT"DISTRICT9SpecialDistrictsGenerally9TheMarionCountyHospitalDistrict10AmendmenttotheSpecialAct10ActionToBeTaken10Benefits11PotentialConstraints11RelationshipofOption1andOption1-A11Option1-B:STRAWPOLLONHOSPITALDISTRICTPROPERTYTAX.12PotentialConstraints12Option1-C:VOTER-APPROVEDHOSPITALDISTRICTBONDS13AuthoritytoIssueBonds13PurposeoftheBonds13FinancingScenario13ActionNeeded14Caveats15PotentialConstraints15Option2:CREATIONOFANEW"HEALTH-CARESPECIALDISTRICT"17TheDistrictl7GoverningBoard17CreationoftheDistrict17PowersoftheDistrict18
 
Referendum18Timing18RelationshiptoMarionCountyHospitalDistrict..19ActionNeeded19PotentialRevenues20PotentialConstraints20Option3:INDIGENTCARESURTAX.22SurtaxesGenerally22The"IndigentCare"Surtax22DistributionofTaxRevenues23ActionRequired23PotentialRevenue24PotentialConstraintsandIssues24Option3-A:AMENDMENTTOTHEINDIGENTCARESURTAXSTATUTE.25The"IndigentCare"Surtax25ThePotentialAmendment25PotentialConstraints25Option3-B:COUNTYPUBLICHOSPITALSURTAX-WITHSTATUTORYAMENDMENT26The"CountyPublicHospital"Surtax.26PotentialConstraints26Option4:COUNTYSUBSIDY28ActionRequired28Constraints28TabA-Chapter2008-273,LawsofFloridaTabB-Sections200.001,200.065,and200.071,FloridaStatutesTabC-Section154.331,FloridaStatutesTabD-Section212.055,FloridaStatutes
11

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